{
  "report_rows": [
    {
      "kpi": "Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.91B vs. cons $1.88B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Billings",
      "prediction": "BEAT",
      "answer": "pred ~$2.17B vs. cons $2.13B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Non-GAAP EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.78 vs. cons $0.75",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 revenue guidance",
      "prediction": "BETTER",
      "answer": "guide ~$7.90B vs. cons $7.84B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 billings guidance",
      "prediction": "BETTER",
      "answer": "guide ~$9.15B vs. cons $9.00B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 non-GAAP EPS guidance",
      "prediction": "BETTER",
      "answer": "guide ~$3.20 vs. cons $3.16 (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q3 non-GAAP operating-margin commentary",
      "prediction": "LOWER",
      "answer": "guide ~33.5% vs. cons 34.0% (Q3 2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 6.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A ~4.5% day-1 residual versus a 0.0% neutral baseline should extend toward ~6.5% over five days versus 0.0% if the billings and FY26 guide-up lift out-period revenue and EPS estimates. The principal offset is a modestly lower ~33.5% Q3 operating-margin outlook versus ~34.0% consensus, reflecting hardware mix, memory costs, and infrastructure investment rather than demand weakness.",
  "day5_confidence": "MEDIUM"
}